MTY Food Group (TSE:MTY) Price Target Cut to C$50.00 by Analysts at Acumen Capital

MTY Food Group (TSE:MTY) had its target price trimmed by Acumen Capital from C$60.00 to C$50.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada decreased their price target on shares of MTY Food Group from C$51.00 to C$48.00 in a research note on Monday. Scotiabank upgraded shares of MTY Food Group to a “hold” rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial decreased their price target on shares of MTY Food Group from C$55.00 to C$50.00 in a research note on Monday, April 14th.

MTY Food Group Price Performance

TSE:MTY opened at C$40.64 on Monday. MTY Food Group has a one year low of C$36.79 and a one year high of C$53.16. The company has a market cap of C$947.62 million, a P/E ratio of 10.15, a P/E/G ratio of 0.75 and a beta of 1.95. The firm’s fifty day moving average price is C$42.54 and its two-hundred day moving average price is C$43.66. The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.32 annualized dividend and a yield of 3.25%. MTY Food Group’s dividend payout ratio is 27.97%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.